Lambda - speech by Mark Carney

Given at London School of Economics

Published on
16 January 2017

The Governor considers the social value of inflation control, and explains how and why the Bank of England practises inflation targeting. He also concentrates on the short-term trade-offs between stabilising inflation and supporting growth and employment, and why these trade-offs have become more common recently. The Governor finishes with an examination of the Monetary Policy Committee’s policy responses to the result of the EU referendum, and the trade-offs it has faced since the vote.